South Korea, Taiwan leapfrog India, but the race was lost decades ago

South Korea and Taiwan have overtaken India in global stock market rankings, riding high on booming artificial intelligence (AI)-driven semiconductor stock surge. South Korea’s Kospi has soared past India to become the world’s sixth-largest market, mainly due to two stocks, Samsung and SK Hynix, while Taiwan last week claimed the fifth spot, propelled largely by Taiwan Semiconductor Manufacturing Company (TSMC).